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The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. Year Cash Flow 1 $700 2 600 3 0 4 1,200
The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. |
Year | Cash Flow |
1 | $700 |
2 | 600 |
3 | 0 |
4 | 1,200 |
What is the present value of the cash flows? |
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